Borrowing-Proofness of the Lindahl Rule in Kolm Triangle Economies

William Thomson ()
Additional contact information
William Thomson: University of Rochester

A chapter in Social Ethics and Normative Economics, 2011, pp 169-191 from Springer

Abstract: Abstract Allocation rules can be manipulated in a variety of ways. Agents may misrepresent their preferences, a possibility that has been extensively studied. They can also take advantage of the control they have over resources, and different kinds of stratagems of this type have been identified. For instance, in a classical exchange economy in which resources are allocated by means of the Walrasian rule, an agent may benefit from withholding some of his endowment. He may even benefit from destroying some of it. Also, he may benefit from transferring some of his endowment to someone else (of course without this second agent being hurt, thereby having no reason not to accept the transfer). For a discussion of these phenomena, see Gale (1974), Aumann and Peleg (1974), Postlewaite (1979), and Thomson (1987a,b). Additional manipulation opportunities are discussed in Thomson (2007).

Keywords: Public Good; Private Good; Indifference Curve; Classical Domain; Indivisible Good (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stcchp:978-3-642-17807-8_7

Ordering information: This item can be ordered from
http://www.springer.com/9783642178078

DOI: 10.1007/978-3-642-17807-8_7

Access Statistics for this chapter

More chapters in Studies in Choice and Welfare from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().